Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

Payactiv

NOVEMBER 20, 2024

In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%

Sexual Harassment 52

Sexual Harassment Hiring Software Background screening Staffing Software 52

HR Digest

JANUARY 12, 2024

Retention strategies demand scrutiny. Consider what you’re doing to improve retention. Shanelle Reese, Chief People Officer, Wonderschool The Talent Turnaround 2023 witnessed a seismic shift in the tech landscape, with unprecedented levels of turnover fueled by layoffs, career changes, and a resurgent job market.

HR Software 109

HR Software HR Planning AI Recruiting Hiring Software 109

FingerCheck

OCTOBER 19, 2023

A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?

Talent Experience 52

Talent Experience Retention and Turnover Strategy Hiring Software 52

Analytics in HR

OCTOBER 11, 2022

Providing employees with learning opportunities can boost employee engagement, resulting in higher productivity and profitability while lowering employee turnover. An engaged workforce often equates to higher productivity rates, increased profitability and employee retention. Reducing turnover. Skills gaps.

Planning Tools 145

Planning Tools HR Software Compliance Training Hiring Software 145

Analytics in HR

NOVEMBER 2, 2022

Turnover : Descriptive analytics could be used to analyze employee turnover rates to compare the annual turnover between two teams or two departments. You can also review pertinent information from employee feedback surveys and exit interviews. Diagnostic analytics. Employee engagement. Prescriptive analytics.

Analytics 138

Analytics HR Planning HR Software AI Recruiting 138

Analytics in HR

FEBRUARY 28, 2024

Example: Annual employee turnover rate.) With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards. Diagnostic HR analytics: Investigates data to ascertain the causes of past occurrences and behaviors.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

Empuls

OCTOBER 9, 2023

Healthcare employee turnover:  stats & facts Healthcare employee turnover refers to the rate at which healthcare workers leave their jobs within a given time frame, either voluntarily or involuntarily, and are replaced. Here are some facts sheding light on the problem of turnover in healthcare industry. was about 15.9%

Hiring Software 52

Hiring Software Staffing Software Recruiting Software Planning Tools 52

Analytics in HR

FEBRUARY 15, 2022

Workforce analysis takes a broader approach than people analytics by using both employee and ROI data to make informed recruitment, retention, and employee management decisions. This could include workforce demographic data, skills data, performance data, training completion data, employee survey results.

Analysis 98

Analysis HR Planning Hiring Software Retention and Turnover 98

Analytics in HR

SEPTEMBER 7, 2023

HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits. Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention.

HR Planning 119

HR Planning Hiring Software Resources Background screening 119

HRExecutive

OCTOBER 18, 2023

The need was clearly there: When Vogel joined, CHS had recently lost seven senior executives to retirement. From those conversations—along with employee surveys and independent research—emerged WECARE, which stands for “welcoming, empathetic, caring and responsive experience.” And it’s been hugely successful,” Vogel says.

HR Software 120

HR Software Hiring Software Staffing Software Onboarding Software 120

Zenefits

JUNE 20, 2022

These include staff: Retention. Furthermore, a proactive approach means that you can easily tailor it to the results of surveys or other employee feedback tools. This, in turn, strengthens employee loyalty to the company and reduces turnover. What is a human resources strategy? Why a human resources strategy is essential.

HR Planning 68

HR Planning Resources Strategy Hiring Software 68

Business Management Daily

JANUARY 20, 2023

As organizations become more complex, data helps clarify the picture of what’s going on as it relates to employee engagement and retention. How are organizations using HR analytics to increase employee recruitment and retention? Turnover The number of employees who leave a company over a certain period of time.

COMPAS 59

COMPAS Metrics HR Planning Hiring Software 59

Analytics in HR

NOVEMBER 24, 2021

How many are approaching retirement?). Be sure to include factors such as these: New products or services on the horizon Prospective mergers or acquisitions Labor costs Projected employee retirements/vacancies and turnover rates Technological advances and automation. How do employees rank in the performance evaluation data?

HR Planning 98

HR Planning Planning Tools Resources Video Recruiting 98

Analytics in HR

JUNE 30, 2023

Doing this well leads to lower turnover, higher productivity, and increased engagement. Reducing costs – A well-designed talent acquisition strategy helps reduce recruitment costs by streamlining the hiring process, improving the quality of hires, and lowering turnover rates, saving both time and resources in the long run.

Talent Acquisition 26

Talent Acquisition Video Recruiting Hiring Software AI Recruiting 26

6Q

SEPTEMBER 16, 2022

Consider these eye-opening statistics supporting the link between career development, staff turnover rates, and corporate profitability. In another survey , 74 percent of workers cite lack of career development opportunities as a factor in the failure to reach their full potential on the job. Establish a succession program.

Compliance Training 105

Compliance Training Career Development How To Video Recruiting 105

Visier

JANUARY 28, 2016

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). In turn, better retention is likely to lead to better care and higher patient satisfaction. Resignation Correlations.

Retention and Turnover 150

Retention and Turnover Hiring Software Onboarding Software HR Software 150

Payactiv

MARCH 27, 2023

Everything you need to know about Healthcare Hiring Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 was a chronic staff shortage, fueled by industry-wide competition for top talent and high turnover rates. In 2020, hospital registered nurse turnover was 18.7% (U.S.).

Industry 52

Industry Hiring Software Staffing Software Bonuses and Incentives 52

HR Digest

APRIL 9, 2023

Employee turnover is a common issue in most organizations. While a certain level of turnover is inevitable, high turnover rates can be detrimental to an organization’s performance, productivity, and profitability. Understanding Employee Turnover Employee turnover can be classified into two categories: voluntary and involuntary.

Retention and Turnover 114

Retention and Turnover Interview Software Talent Management Retirement 114

Analytics in HR

AUGUST 9, 2022

Therefore, HR leaders are very concerned with keeping employee turnover low. That’s why employee turnover data analysis is a valuable tool in your HR arsenal. Understanding employee turnover helps you prevent employees from leaving and retain top talent. Contents What is employee turnover data analysis?

Analysis 142

Analysis Data Retention and Turnover Hiring Software 142

DecisionWise

APRIL 13, 2024

Employee engagement and retention play a pivotal role in the success of any organization, and manufacturing companies are no exception. In this article, we’ll delve into strategies to enhance employee satisfaction, reduce turnover, and create a positive work environment within manufacturing organizations.

Employee Engagement 130

Employee Engagement Decisionwise Retention and Turnover Onboarding Software 130

cipHR

AUGUST 6, 2023

Flexible working options, such as remote work or telecommuting, also save employees valuable time and money that would otherwise be spent on commuting, translating into greater overall happiness and increased retention rates. This, in turn, enhances employee satisfaction, retention and overall productivity.

Onboarding Software 52

Onboarding Software Hiring Software Staffing Software HR Software 52

Analytics in HR

JANUARY 4, 2024

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

Retention and Turnover 112

Retention and Turnover HR Planning How To Retirement 112

Semos Cloud

MARCH 9, 2023

In this blog post, we’re going to talk about the impact of employee recognition on retention and talent attraction. As more workers migrated to white-collar jobs, and seasoned professionals move closer to retirement, the entire manufacturing sector faces an unprecedented number of missing laborers. A change has to happen.

Employee Recognition 52

Employee Recognition Hiring Software HR Software Hiring 52

PI Worldwide

FEBRUARY 4, 2022

The fact is, employee turnover isn’t completely under your control. Other times, turnover is high because of a competitive market or other outside factors. In this article, we’ll show you powerful strategies to keep retention high. Along the way, we’ll cover a handful of topics: What are the different types of employee turnover?

Retention and Turnover 129

Retention and Turnover Strategy Hiring Software Background screening 129

HRExecutive

JANUARY 4, 2024

However, as economic and market conditions change, employers aren’t as singularly challenged by recruiting and retention—which, experts say, could suggest increasing opportunities to strategize for long-term people success. “Companies that will be ahead of this in 2024 are looking at things holistically,” Turner says.

AI Recruiting 136

AI Recruiting HR Software Hiring Software Recruiting Software 136

HRExecutive

APRIL 8, 2024

alone. - Advertisement - Globally, 20% of frontline workers surveyed in 2023 said they planned to leave their jobs in the near future. Mitigating the costs of employee turnover for frontline workers isn’t just an HR issue. Research suggests that more than 50 million workers took part in this mass exodus in the U.S.

Retention and Turnover 124

Retention and Turnover Onboarding Software Recruiting Software Planning Tools 124

Best Money Moves

APRIL 20, 2022

5 benefits to include in your employee retention strategy. Up your employee retention strategy and keep your team where they belong with these five benefits. . These numbers suggest that the period of record employee turnover known as the “Great Resignation” is not slowing down. . The Great Resignation isn’t over yet.

Hiring Software 122

Hiring Software Planning Tools Strategy Retention and Turnover 122

Insperity

AUGUST 12, 2021

Yet there’s another rising issue with which employers must prepare to contend: post-pandemic employee turnover. According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future. So, let’s take a closer look.

Retention and Turnover 139

Retention and Turnover Planning Tools Employee Engagement Assessment Software 139

Hppy

DECEMBER 25, 2023

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Image by Drazen Zigic on Freepik Understanding the Concept of Talent Retention Talent retention refers to a company’s ability to keep its most valuable employees.

Employee Benefits 113

Employee Benefits HR Planning HR Software Retention and Turnover 113

HR Lineup

SEPTEMBER 24, 2024

Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The Stages of the Hire-to-Retire (HTR) Process HTR involves several stages that align with an employee’s career trajectory.

Hiring Software 78

Hiring Software AI Recruiting Onboarding Software Recruiting Software 78

Analytics in HR

SEPTEMBER 13, 2022

Dysfunctional turnover does not only cost organizations a lot of money, but it also disrupts work and affects productivity. So let’s look at what dysfunctional turnover is and how you can reduce it in your organization. Contents What is employee turnover? What is dysfunctional turnover? What is employee turnover?

Retention and Turnover 119

Retention and Turnover Hiring Software HR Planning Interview Software 119

Analytics in HR

OCTOBER 24, 2024

There are as many reasons for employee turnover as there are people who leave their jobs. This article explores some of the most common reasons for employee turnover and ways to prevent it. Contents What is employee turnover? Let’s get started!

Retention and Turnover 98

Retention and Turnover Hiring Software Interview Software How To 98

Visier

OCTOBER 20, 2021

Prudential’s 2021 Pulse of the American Worker Survey shows that: 26% of workers planning to leave their employers after the pandemic 72% say the pandemic caused them to rethink their skill sets Over 50% of job seekers have sought out new training and skills during the pandemic. How To Reduce Employee Turnover with Workforce Analytics.

Visier 221

Visier Hiring Software Planning Tools Analytics 221

HR Digest

MARCH 31, 2023

Employee retention is a crucial factor for organizations to maintain sustainable growth and competitive advantage. A high turnover rate can lead to increased costs associated with recruitment, training, and lost productivity, as well as a negative impact on employee morale and company culture.

Retention and Turnover 104

Retention and Turnover Compensation Training Compliance Training 104

Vantage Circle

DECEMBER 19, 2023

Employee retention is pivotal for businesses that cultivate a productive and satisfied workforce. High employee turnover is costly and disruptive. This article explores these employee retention metrics. We can keep tabs on retention in real time by tracking these aspects of employee retention. Did you know?

Metrics 98

Metrics Hiring Software Retention and Turnover Assessment Software 98

HR Lineup

JANUARY 17, 2024

In the ever-evolving realm of human resources, two terms frequently circulate – employee turnover and attrition. This article delves into the nuanced differences between employee turnover and attrition, shedding light on their impact, causes, and strategies for effective management. Defining Employee Turnover and Attrition: 1.

Retention and Turnover 78

Retention and Turnover Hiring Software HR Planning Onboarding Software 78